Bank7 | 10-K: FY2025 Revenue: USD 137.26 M

Revenue: As of FY2025, the actual value is USD 137.26 M.EBIT: As of FY2025, the actual value is USD -31.11 M.Overall Financial Condition (as of December 31, 2025)Total Assets: $1.96 billion Total Loans: $1.61 billion Total Deposits: $1.70 billion Total Shareholders’ Equity: $251.0 million 2025 Performance Highlights (Year Ended December 31, 2025 vs. 2024)Total Loans: Increased by $209.0 million (15.0%) to $1.61 billion .Total Deposits: Increased by $185.4 million (12.2%) to $1.70 billion .Income Before Taxes: $56.8 million, a decrease of - $3.6 million (-6.0%) from $60.4 million in 2024 .Pre-Tax Return on Average Assets: 3.12% in 2025, down from 3.50% in 2024 .Pre-Tax Return on Average Equity: 24.39% in 2025, down from 31.41% in 2024 .Tax-Adjusted Return on Average Assets: 2.37% in 2025, down from 2.65% in 2024 .Tax-Adjusted Return on Average Equity: 18.51% in 2025, down from 23.78% in 2024 .Efficiency Ratio: 40.24% in 2025, compared to 37.90% in 2024 .Net Interest Income and Net Interest MarginYear Ended December 31, 2025:Net interest income: $87.873 million .Net interest spread: 3.99% .Net interest margin: 4.94% .Total interest income on loans decreased - $1.9 million (-1.6%) to $117.5 million .Yields on interest-earning assets were 7.24%, a decrease of 55 basis points .Interest income on short-term investments increased $594,000 (6.4%) to $9.9 million .Interest expense on interest-bearing deposits decreased - $4.5 million (-9.8%) to $40.9 million, with the cost of interest-bearing deposits decreasing to 3.25% .Year Ended December 31, 2024:Net interest income: $86.195 million .Net interest spread: 3.81% .Net interest margin: 5.11% .Total interest income on loans increased $9.6 million (8.7%) to $119.4 million .Yields on interest-earning assets were 7.79%, an increase of 48 basis points .Interest income on short-term investments increased $740,000 (8.6%) to $9.3 million .Interest expense on interest-bearing deposits increased $6.3 million (16.3%) to $45.3 million, with the cost of interest-bearing deposits increasing to 3.98% .Noninterest Income (Year Ended December 31, 2025 vs. 2024)Mortgage lending income increased $956,000 (258.38%) to $1.326 million .Gain (Loss) on sales, prepayments, and calls of available-for-sale debt securities was - $10,000, a decrease of - $4,000 (66.67%) .Service charges on deposit accounts decreased - $34,000 (-3.49%) to $941,000 .Other noninterest income decreased - $3.669 million (-37.00%) to $6.246 million, primarily due to income from oil and gas assets acquired in Q4 2023 .Noninterest Expense (Year Ended December 31, 2025 vs. 2024)Total noninterest expense increased $1.8 million (4.9%) to $38.9 million .Salaries and employee benefits increased $1.9 million (8.9%) to $22.6 million .Provision for Credit LossesYear Ended December 31, 2025: Provision for credit losses was $700,000, an increase from $0 in 2024, reflecting routine adjustments for loan growth .Year Ended December 31, 2024: Provision for credit losses was $0 .Allowance for Credit LossesAs of December 31, 2025: $19.4 million .As of December 31, 2024: $17.9 million .Allowance as a percentage of loans: 1.21% (2025), 1.28% (2024) .Net recoveries (charge-offs) to average loans: 0.05% (2025), -0.13% (2024) .Loan Portfolio Segmentation (as of December 31, 2025)Gross Loans: $1.609 billion .Construction & development: $224.566 million (14.0%) .1-4 family real estate: $126.122 million (7.8%) .Commercial real estate - other: $587.597 million (36.5%) .Commercial & industrial: $567.280 million (35.2%) .Agricultural: $90.908 million (5.7%) .Consumer: $12.894 million (0.8%) .Loan Maturities: Approximately 37% of gross loans mature within one year .Nonperforming AssetsNonaccrual loans: $6.460 million (2025), $7.170 million (2024) .Accruing loans 90+ days past due: $0 (2025, 2024) .Total Nonperforming Assets: $6.460 million (2025), $7.170 million (2024) .Ratio of nonperforming loans to total loans: 0.40% (2025), 0.51% (2024) .Ratio of nonperforming assets to total assets: 0.33% (2025), 0.41% (2024) .Substandard loans: $7.9 million (2025), a decrease of $7.3 million from 2024 .Deposits (as of December 31, 2025)Total Deposits: $1.70 billion .Noninterest-bearing demand: $341.416 million (20.07%) .Interest-bearing transaction deposits: $1.023 billion (60.17%) .Savings deposits: $92.604 million (5.44%) .Time deposits (less than $250,000): $147.263 million (8.66%) .Time deposits ($250,000 or more): $96.225 million (5.66%) .Brokered deposits: $205.6 million (2025), $225.5 million (2024) .Uninsured deposits: $391.7 million (23.2% of total deposits) in 2025, $354.2 million (23.4% of total deposits) in 2024 .Capital Requirements (as of December 31, 2025)Bank7 Corp. and Bank7 exceeded all regulatory capital requirements under Basel III and were considered “well-capitalized” .Bank Total Capital to Risk-Weighted Assets: 15.25% (minimum well-capitalized: 10.00%) .Bank Tier 1 Capital to Risk-Weighted Assets: 14.09% (minimum well-capitalized: 8.00%) .Bank CET1 Capital to Risk-Weighted Assets: 14.09% (minimum well-capitalized: 6.50%) .Bank Tier 1 Capital to Average Assets: 12.82% (minimum well-capitalized: 5.00%) .Contractual Obligations (as of December 31, 2025)Total Contractual Obligations: $1.703 billion .Deposits without a stated maturity: $1.457 billion (due within one year) .Time deposits: $243.488 million ($219.214 million due within one year) .Operating lease commitments: $2.146 million ($621,000 due within one year) .Off-Balance Sheet Arrangements (as of December 31, 2025)Commitments to extend credit: $324.748 million .Standby letters of credit: $19.540 million .Total: $344.288 million .Outlook and GuidanceBank7 Corp. expects to continue paying quarterly dividends of $0.27 per share, subject to financial conditions, capital levels, and economic factors . The company actively manages maturing assets and liabilities to mitigate interest rate changes on net interest margin . Management believes its underwriting and monitoring practices are sufficient for commercial real estate concentration risks, even when approaching or exceeding regulatory guidance .